Financier Arms checks into vacation parks operator Lovat

The funding agency based by financier Man Arms has struck a deal to purchase a portfolio of British vacation parks.

Sky Information has learnt that Terra Firma, which Mr Arms ran for many years, is shopping for Lovat Parks, a privately owned leisure group, in partnership with Angelo Gordon, a specialist backer of actual property property.

Lovat Parks operates premium vacation houses and luxurious lodges at 9 websites throughout the UK, together with places in Cornwall, Norfolk and the New Forest.

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The deal is considered one of Terra Firma’s first acquisitions because it introduced in 2023 that Mr Arms would step again from day-to-day involvement with the agency.

He arrange Terra Firma in 2002, and thru it acquired corporations together with the document label EMI and the care houses operator 4 Seasons Well being Care.

Final December, it struck a near-£6bn deal to promote 36,000 army houses to the UK’s Ministry of Defence, bringing an finish to a long-running battle between Mr Arms’ agency and the federal government.

The worth it and Angelo Gordon have been paying for Lovat Parks was unclear on Tuesday.

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In a press release issued following an enquiry from Sky Information, Terra Firma managing director Richard Arms – the son of Man – mentioned: “Lovat Parks operates a few of the highest high quality vacation parks in enticing locations across the UK, in a sector that has confirmed resilient and sturdy.

“Via our partnership with TPG Angelo Gordon, we’re excited to carry our operational and strategic experience in multi-site asset-backed companies to ship on the corporate’s formidable development plans.”